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USD/THB hits the day's highs as the Bank...>

THAILAND
THAILAND: USD/THB hits the day's highs as the Bank of Thailand take more
aggressive steps to ease THB strength. The Bank of Thailand are to ease capital
outflow rules further and state they are ready to take more policy steps if
growth disappoints.
- This looks like a more aggressive tone here from the BoT. Just yesterday an
MPC member spoke against THB strength and specifically mentioned 30.00 in
USD/THB as a level to defend. USD/THB hit 30.368 in the initial move.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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